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24 May, 12:14

In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $8, and (3) 500 units at $9. Assuming there are 200 units on hand at the end of the period.

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  1. 24 May, 12:33
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    the average unit cost: $7.917

    Explanation:

    I think your question is missed of key information, allow me to add in and hope it will fit the original one.

    In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $8, and (3) 500 units at $9. Assuming there are 200 units on hand at the end of the period. Calculate average unit cost. (Round answers to 3 decimal places, e. g. 5.125.)

    My answer:

    Given:

    1) 300 units at $6, (2) 400 units at $8, and (3) 500 units at $9.

    Total units = 300 + 400 + 500 = 1200 units

    Total cost: 300*$6 + 400*$8 + 500*$9

    = $1,800 + $3,200 + $4,500

    = $9500

    As we know that, the average unit cost:

    = Total cost / total units

    =$9,500 : 1,200 = $7.917

    Hope it will find you well.
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